Business
JUST IN: NUPENG, LASG in discussion over towing issues- Official
The National Union of Petroleum and Natural Gas Workers (NUPENG) says it is engaging the Lagos State Government to resolve the ongoing issue of towed trucks.
It said that the negotiation aims to prevent disruptions in fuel distribution, which could lead to widespread scarcity.
In an interview on Tuesday in Lagos, General Secretary, NUPENG, Mr Olawale Afolabi, explained that the union had withdrawn its services in response to the recent attacks and arrests of tanker drivers by security personnel from the Lagos State Government.
Afolabi reassured that the situation would be resolved with the state authorities and that the towed trucks would be released to the union as promised by the government.
On Feb. 22, the Lagos State Task Force towed away several trucks and arrested several members of the Petroleum Tanker Drivers (PTD) Association, a branch of NUPENG, near the Dangote Refinery in Ibeju-Lekki for parking on the highways.
Afolabi added that a meeting is ongoing between NUPENG and the Lagos State Government, with both parties hopeful of reaching an agreement that will enable depot operations to resume.
He, however, said that the outcome of these talks remains uncertain, and stakeholders are eagerly awaiting further updates.
Similarly, Mr Tayo Aboyeji, the Chairman of NUPENG, Lagos branch, confirmed that the service withdrawal was in response to the mistreatment and arrest of tanker drivers by security personnel.
He clarified that the union had previously instructed drivers not to operate at night to avoid accidents and hijackings.
He said that in spite of this, drivers who stopped to rest were reportedly targeted by security officers.
“We had instructed tanker drivers not to travel at night to avoid accidents and hijackings.
“But when drivers parked to rest, security personnel towed their vehicles, arrested our members, and even damaged the union’s patrol vehicle,” Aboyeji said.
He added, “As a result, we decided to suspend services in the state until the government is ready to provide a safe and convenient space for tanker drivers, ensuring that such incidents do not occur again.”
Aboyeji assured that the national leadership of the union is in talks with the state government and that the matter would be resolved once discussions are concluded.
“There are ongoing discussions, and if they are completed today or tomorrow, the issue will be resolved,” he stated.
Business
Naira Exchange Rates Friday, August 14
BLACK MARKET RATES
US DOLLAR (USD) Buy ₦1,416 Sell ₦1,423
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CBN Exchange Rates
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SAUDI RIYAL (SAR) ₦361.62
SOUTH AFRICAN RAND (ZAR) ₦84.23
Business
Traders shut down Enugu ‘s Obollo-Afor market over N25,000 haulage levy
However, Chairman of ESIRS, Emmanuel Nnamani, in a letter to the traders, said the haulage levy was not paid by traders buying or selling goods in the markets, but was applicable strictly to truck drivers plying interstate routes.
All shops and markets at Obollo-Afor, Udenu Local Government Area of Enugu State were shut yesterday, as traders staged a peaceful protest against alleged selective collection of a N25,000 haulage levy in the market.
The traders, who locked their shops and took to the streets in large numbers, carried placards with various inscriptions, alleging that the Enugu State Internal Revenue Service (ESIRS) had singled out Obollo-Afor Market for the collection of N25,000 haulage fee on every truckload of goods loaded or offloaded in the market.
However, Chairman of ESIRS, Emmanuel Nnamani, in a letter to the traders, said the haulage levy was not paid by traders buying or selling goods in the markets, but was applicable strictly to truck drivers plying interstate routes.
Addressing officials of the Udenu Local Government Council at the council secretariat, where the protesters marched to present their grievances, Chairman, Obollo-Afor Market Traders Association, Charles Eze, lamented that truck operators bringing foodstuffs, building materials, and other commodities to the market had stopped coming because of the levy.
Business
Nigeria’s oil production dropped by 4% in July – NUPRC
“In the month under review, the daily peak production of crude oil and condensate was 1.78mbpd, while the lowest daily production was 1.57mbpd.”
The Nigerian Upstream Regulatory Commission (NUPRC) data has shown Nigeria’s average daily oil production fell by four percent in July, 2026.
According to the NUPRC, Nigeria produced 1.505 million barrels per day (bpd) of crude oil and 0.17 million bpd of condensate, bringing the combined daily production to 1.67 million bpd.
The commission said the country met and exceeded its Organisation of the Petroleum Exporting Countries (OPEC) quota of 1.5 million bpd for the third consecutive month.
“In the month under review, the daily peak production of crude oil and condensate was 1.78mbpd, while the lowest daily production was 1.57mbpd.”
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